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CNBC
Nov 16, 2012 4:00am EST
relationship between germany and russia by some measures is at its worst in decades. has there been a real break down between russia and the west as pew ten has come back into office? >> i don't believe there's been a break down. i think the perception of russia has been difficult from western investors. when you see human rights case come up, people get a bit more nervous. but general employeeliemployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayl emplo russia is still a good place to invest. >> a lot of cross border deals. is the environment todayemploye russia is still a good place to invest. >> a lot of cross border deals. is the environment todaymployee russia is still a good place to invest. >> a lot of cross border deals. is the environment todayployee a is still a good place to invest. >> a lot of cross border deals. is the environment todayloyee i is still a good place to invest. >> a lot of cross border deals. is the environment todayoyee i is still a good place to invest. >> a lot of cross border deals. is the environment
CNBC
Nov 2, 2012 4:00am EDT
franchise happening -- >> so a slightly less happy note, i'd like to talk about russia. announced some drastic measures for russia against alcoholism as we nknow life expectancy is ver short in russia versus other countries. what does that mean for a company like you? >> goes without saying that russia is quite a difficult market to operate in in today's environment, so that's a reality before the good news, though, is that we are not as exposed to russia and the second thing is that the strategy which is to follow is a premium strategy and we've been very successful in that strategy. so we have today actually we're growing share and the other thing is that brand heineken is actually growing in excess of 20%. so our brand is growing with consumers. >> you seem to be one of the first movers in to emerging markets and i wonder if there is a brand fatigue sense you got there early. >> it's an excellent question. on which times when i give trainings classes, people say how do you keep a brank account. you want to be consistent, but you want to be surprising. every once in a while, we try t
CNBC
Nov 29, 2012 2:00pm EST
u.s. as the world's largest oil producer by 2017. passing russia, surpassing saudi arabia. some critics have said that might be a bit too optimistic. what do you think? how did you reach that conclusion? >> i think this is very, very modest growth we expect in fact from natural states. mainly driven by tight oil, shale oil. if you look at the next years, we expect u.s. shale oil to grow 3 billion barrels per day and this will make u.s. the leader of global oil production overtaking saudi arabia and russia. and at the same time, the natural gas production is also going to increase significantly and as a result of that, we expect u.s. will be the top natural gas producer of the world, around 2015, overtaking russia. >> one of the things that's so key here, you mention unconventionals and the big boom that we're seeing here. but something else that you had in your report that hadn't been mentioned as much is the fuel efficiency that you see helping as well. how much does that contribute to what your forecasts are? >> exactly. when we say that u.s. is making giant steps towards self
CNBC
Nov 6, 2012 11:00pm EST
scares me sometimes. >> last time we spoke you said you were investing in russia. you still are? >> i'm looking for investments in russia. i don't have anything there yet. it's not that easy for me to find things in russia. partly because i'm a little lazedy these days. i don't work as hard as i used to. >> oh. okay. >> all right. so -- >> maybe -- >> let's put politics aside. what are you doing? tell me about your portfolio. let's get right down to it. what do you like, what are you long, what are you short? >> i'm, today, tomorrow -- today here, tomorrow there -- i'm going to short more bonds, more u.s. government bonds. i'm going to buy more commodities, buy metals, base metals and precious metals. looks to me like the money printing is going to run amok now. and the spending is going to run amok now. again, larry, i'm not saying this is good for the world, it's not good for anybody. this is what's going to go on. i have to invest based on what's happening, not on what i would like. >> mr. rodgers, rick santelli here. what about europe? i don't disagree with your notion you w
CNBC
Nov 13, 2012 2:00pm EST
pleased wither slip, lineups at at&t stores, sellouts in russia, heard from australia, they are doing great. early days are positive. we have a lot of work ahead. >> russia and australia, you need north america to make it a hit. thank you, stephen elon for taking the time. >> thank you, jon and stephen. >>> up next, making the bull case for jc penny. yeah, the bull case. before that, we have got to get fresh off the tell for example mary torchson, the market flash. >> you surprised me, brian, shares of mbi, tanking down about 8%, this on the news that bank of america actually is looking to buy some of the company's note, in part, to block a concept decree that it believes if it goes through could actually send mbia into rehabilitation and liquidation and in turn, hurt bank of america as a policyholder of some of the insurance, of course, mbia issues on mortgage insurance. so, you can see its shares down just 9.4% on the news. brian, back to you. >> fresh off the phones. got to get mark palmer on the phone, probably the leading analyst on mbia. >>> as i noted, we will make the bu
CNBC
Nov 5, 2012 12:00pm EST
talk about the brics -- brazil, russia, india and china. any of those are different from any around the world. japan and germany have more in common than whereas brazil and russia. a broadly coerce identified e mernling markets portfolio belongs in the tool kit of the investors. >> josh, do you have a question? >> rob, i'm a fan of your work. >> thank you. >> my question would be you're talk about being net short u.s. equities. i know your benchmark as opposed to other money managers is not a traditional stock or bond measurement but inflation plus points to the upside. you are concerned with purchasing power. >> you bet. >> if that's the case are you looking for deflationary environment going forward? >> no. actually not. we are looking at an inflationary environment. >> how far into the future? >> the net short is largely a way of hedging out the equity market sensitivity of other investments. you can take some of the stock market risk out. >> can you clarify if the u.s. market is going up or down? >> short term it's fine. this is a safe haven. there will be flights to safety. lon
CNBC
Nov 12, 2012 2:00pm EST
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CNBC
Nov 15, 2012 4:00am EST
investments. ♪ >>> a couple other stories we're following this morning, russia's space agency has denied it lost communication with the international space station after a cable broke outside moscow. the story was first reported on state run news agency saying the broken kibl meant russia had lost the ability to control most of its civilian satellites. a spokesman was quick to assure that despite the broken cable, satellites and the station were continuing to operate normally. he also said the agency was able to communicate with the satellites and control them. plenty more coverage on this story at cnbc.com. further israeli strikes have killed three palestinians in the southern gaza strip this as three were killed in an auntment building in central israel, the first israeli fatalities since israel relaunched an offensive against gaza a day earlier. and the latest action came as the u.n. security council held an emergency meeting in new york to discuss the escalation of violence in the region. yesterday israel killed hamas' top military commander during air strikes. condemnation of
CNBC
Nov 15, 2012 4:00pm EST
budget is about $740 billion. the defense budget of every other major country on earth, including russia and china, combined, is $540 billion. you think we're all right? i don't know. i think so. if you really want to dig in, we said, how many contractors do you have? what do you do? oh, i'm a contractor with the defense department. or it might be the guy who makes something for 50 cents and sells it for $2. what's the range on contractors? it's between 1 million and 10 million. we'd like an audit. could we have an audit of who they are and what they do? i was a military guy. i was in for a couple years in germany. they have their own health care plan called military retirees. only 2.2 million of them. that's not a big cohort. many of them have never been in combat. they have their own health care plan. the premium is $540 a year with no copay. it takes care of all dependents. there are 61 department of defense schools still in america from wars long past to take care of dependents. they're right next to a bus ride for a public school. they all have a superintendent and principals and te
CNBC
Nov 12, 2012 9:00am EST
hd hasn't rolled out in turkey and russia. it's a big hedge for us. >> thank you for being here. >> appreciate it very much. join us tomorrow. "squawk on the street" begins right now. >>> good monday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, david faber and jim cramer. we kick off the week better than we had seen last week. looking at a higher open across the board after the worse weekly losses with both indices closing below the 200-day moving average on friday. looking at the action over in europe, we are seeing small gains across the board. our road map starts on capitol hill where congress returns to work tomorrow as leaders prepare to meet with the president this week on the fiscal cliff. lawmakers over the weekend sound optimistic that a deal will be reached. how likely is that? >> jeffries gets bought in a $3.7 billion deal. leucadia is described as a mini berkshire hathaway. >> a war to see who will open earliest on black friday or on thanksgiving itself as it turns out. >> first up, after coming off the worst week for the markets
CNBC
Nov 21, 2012 1:00pm EST
, and even forming partnerships with other brokers in moscow. living la vita russia in miami. >> it would be nice to have the jack to do business with the jills. wouldn't it? >>> tyler, we've got some whales weighing in. groupon, for one stock. on november 12, george soros and paul tutor have taken stakes. trading at 3.78% on some very good volume. >>> this story is the making of a perfect spoof on lady gaga's -- po-po-poker talks. poker talks. can't really sing very well. you didn't need me to tell you that, did you? a manhattan doctor finding a new market for botox. poker players. >>> over the past five years, the national debt has grown at an average of $1.4 trillion per year. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> power rundown time. joining is now, bob pisani and john carney. topic one, sac capital in the spotlight. what they say could be the most profitable inside
CNBC
Nov 2, 2012 1:00pm EDT
revolutions in china and in russia, and a whole new set of political and social institutions. and my concluding argument is, we really need to be thinking about a social and political adjustment comparable to the one that we -- >> so who puts that in place? the government you say that's bought by the rich? the problem is that how do you solve that? the rich always get control of the government. right? that's why government needs to be as small as possible. the bigger it gets, the more it gets bought. that's the problem. >> actually, i strongly disagree with that. that's a real -- >> that's the premise of your book. >> no, no. that's a counsel of despair to say the government is always going to be controlled and captured by the rich. i think the government can actually be controlled by democratic majorities. think that council of despair is one reason why american society overall is not stepping up to the challenge of our economic times. >> let me bring in robert frank, our wealth editor, for a question. thought? comment? >> thanks. congratulations on the book. >> thank you. >> just a
CNBC
Nov 28, 2012 1:00pm EST
here. otherwise you'd have something like soviet russia, built from top-down. >> we took some of the key stressors from the markets that are out there. and there are a number of them these days, certainly. we'd like you to go through and tell us whether they're fragile, robust or antifragile. start with the fiscal cliff because it is what everybody on wall street is watching. is it fragile, antifragile or robust. >> for me it is a good thing because the economy requires once in a while to be shaken and people to be scared. otherwise we got trouble. sort of livg theke equivalent o forest that hasn't had forest fire in a while. you need once in a while to jolt the market so people realize that there is something wrong and we have to do something about it. and we need these fiscal cliffs and similar situation to shake politicians. >> because they have no skin in the game according to you. >> that is a big problem. there's some category of people who have the up side and no downside. and effectively, they have -- the downside is borne by us april 15, tax day. we pay the bill. >> yes, tha
CNBC
Nov 8, 2012 4:00am EST
year blamed missteps in countries such as brazil and russia for the miss. it assured the issues should be resolved by the end of the year. u.s. grocery chain whole foods has posted third quarter profits in line with forecasts. total sales jumped 24% in the period as consumers continue to switch towards organic produce. however the company did warn investors sales have been hit by the impact of hurricane sandy which left many of their customers without power. and that sent shares lower in after hours trade as you can see there, shedding about nearly 3%. we'll keep an eye on that. and just when new york city thought it was all over, a nor'easter called athena has smacked the tri-state area overnight dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down you power lines and electrical wires and thousands who lost power because of sandy just lost it all over again. now, caroline roth joins us from zurich because over in zurich, swiss re has reported results that have cheered the market. 1.6% at the moment. >> absolutely. earlier on in
CNBC
Nov 26, 2012 4:00am EST
rules over a couple of years as we can see from russia, canada, u.s. and most countries in europe. so they want those companies to be listed in hong kong, not just those state own company to boost the stock market. >> will they just make it easier? >> definitely easier to list it in hong kong, but still they need to fulfill some of the listing requirements such as if you want to be listed in the main board, there is a three test you need to pass. if not, only some of the resources comes, some of the restriction. but overall why notally speaking, some of the worldwide company like prada, they're doing quite well. so i think this is one of the growth generating points. >> picc might be on its way. what will happen to that? >> as you said, the ipo market is doing well recently. up 12%. one of the casual dining chain prettier. and picc will be the biggest ipo in hong kong this year. it's priced reasonably at 1.2 to 1.5 in price. but we can't compare to its peer because their major business is not life business. they focus more on casualty and property. i think they will be okay. and i
CNBC
Nov 21, 2012 4:00am EST
selling to russia and they're looking at markets like india. but they've not given up on europe, which will remain its key engine for growth. the european story is more nuanced than the eurozone crisis growth headlines would suggest. in fact, solaris has picked up new business in finland and belgium and will do record sales in spain this year. solaris management considers the company as much european as it is polish and believes the block is strongest staying together. so if the eurozone were a bus, say, none of the passengers should be forced to leave before the ultimate destination is reached. just setting aside for a moment the issue of trade into germany, the polish economy is clipping along at about 2.4% this year. it's expected to slow into next year. so what exactly is the central bank going to do to offset some of that weakness in domestic demand. i'm very pleased to have with me yang, on the committee, and also an academic economist. thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy ra
CNBC
Nov 12, 2012 4:00am EST
got an iea report later but they've said the u.s. will overtake saudi arabia and russia to become the world's biggest global oil producer by 2017. this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy efficiency, basically cut it reliance on on oil imported from outside from immediate neighbors mexico and canada almost to nothing. and if america is not emporting as much oil as it does currently, perhaps for energy to be such a focal point of its foreign policy won't be so large. and already you have exactly within the oil and gas industry pushing the case for shale on the basis that it would save the country a lot of money on overseas military expenditure.
CNBC
Nov 28, 2012 4:00am EST
made its stock market debut in london. but shares in russia's second lowest mobile operator are trading below $20 a share, the bottom of the anticipated range. the ipo is still the biggest by a russian company since 2010. so, hope you feel fully caught up on your global news now. >>> still to come, southeast asia's economies are coming up roses in the face of global uncertainties. what's driving them and will the momentum last? we'll find out next. >>> welcome back to the program. the bank of thailand has kept rates as expected. the central bank says the economy is this good shape and strong domestic demand will help counter risks from overseas. in the philippines, the governor of the central bank insists its easy policies are confident despite economic growth. it was well above expectations for growth of just 5.3%. for more on southeast asia, joining us now, economist at southeast asia at rbs. my apologies about that. i'm butchering names all morning. >> no problem at all. >> can you talk first at all about thailand in particular. investors look to this as a global demand and asian exp
CNBC
Nov 22, 2012 4:00am EST
, losing these territories to china may potentially affect its other disputes with russia and south korea. securing important resources in the south china sea as well as potentially destabilizing or creating a situation in which china doesn't actually have full control of the south china sea for its exports and imports of oil and other natural resources into china. so the issue for the two countries is that being driven by very different factors. >> i know japanese businesses have sort of started to think about the cost benefit of doing business in china because the chinese government has demonstrated their ability to impact business. so i was talking to -- let's he's bring in andrew on this. i suppose the question is whether the chinese are feeling any pinch on their side. >> trade is not everything. don't forget it's not just a financial issue only between china and japan. don't forget the american pivot to asia has complicated things. and also of raising nationalism both in japan and china. a look at japanese politics recently, the current administration has weakened very much by
CNBC
Nov 9, 2012 9:00am EST
other than in soviet russia to see this kind -- >> jim, jim -- >> what? david? >> is it too early to buy groupon? >> i've been debating that, and zynga. >> what is amazing, it wasn't that long ago, this company came public, marketed as a great growth stock. as melissa just said, there is no growth anywhere. it takes you back to a number of the ipos we know quite well, zynga, groupon, facebook to an extent, linkedin, this group never should have been public. before it went public they did that final round, raised $900 million and google was willing to pay them $6 billion for that company but they wouldn't pay it now. >> wow, wow. >> unbelievable. josh brown, frequent guest on "the halftime" today said they have destroyed 10 billion of a $12 billion original cap. this ipo was a war crime. >> a war crime? >> invokes nuremberg. >> have you mentioned, evercore going to $2 price target -- >> he starts by saying we missed our revenue expectations by meeting our operating profitability? wow. meeting what? meeting what? fiscal cliff. >> here on "squawk on the street" interviews with the interview
CNBC
Nov 15, 2012 9:00am EST
bick, not brick. russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. the stock had become a very big institutional favorite. if you recall during the mexican investigation, when "new york times" piece it, the stock was trading between 57 and 58. they were then overridden by a couple of really good, solid quarters. this was not the quarter that anyone was looking for. >> except for those who sold the stock over the last couple of weeks. i mean that stock has started to come through. >> i'm kind of confused why this one is so shocking, if only because they had -- they haven't seen even robust the last couple of months. becky did a fabulous job, because you're talking about a 10th of the country involved. the age of walmart is the able of shopping. so what does this say? >> of course when we consider walmart as a percent of overall public retail sales. the numbers are enormous. this retailer dwarf's others by certain metrics. we think the holiday season is going to be competitive, we think we're still in a competitive retail environmen
CNBC
Nov 30, 2012 6:00am EST
recently. africa and middle east is okay. russia is strong. poland, ukraine, czech republic have all slowed up. germany and uk actually better for us than france, italy and spain. >> we were just talking about why the euro has been so strong against the dollar. do you have any thoughts on that? when you go back and forth across the globe -- >> no idea. you would have predicted completely the reverse. and it didn't make much sense. draghi this morning comments about fairy land means that he's looking for readjustment. we had a couple meetings with him. we saw very it tough what he called actually a september cliff that we saw 25 companies went to see him in frank further, 23 out of the 25 excepting two agricultural companies, 23 manufacturing service companies, all said september was tough. he described it as a september cliff. >> despite the argument about who spent more, here's what i want to know.saw -- just charact like the dems didn't have a super pac. >> i didn't characterize it that way. >> no, because you lost, it was a massive -- >> i guess we'll have this conversation thousa
CNBC
Nov 13, 2012 1:00pm EST
, biggest gaper of 4% on the session, big one-day for palladium, supply concerns out of russia and south africa, also supportive of the platinum market. if you want to play these metals as a retail investors, look at the etfs. >>> to the action here at the nyse, bob pisani here on the nyse floor. last words out of your mouth were much better that yesterday. what kind of steady as she goes? >> even on the vans decline line. volume is light to moderate a heck of a lot better that yesterday. best volume in a long time. and a very strong european close. that was the big factor, big speculation again about spain being involved in perhaps the ecb coming and buying spam nish bonds, all vague speculation but helped the spam nish close and the european close. here is sector up today for the first time this month, utility stocks. they have been slammed on speculation on the fiscal cliff, of course, dividend payers have to pay higher taxes, the first time, sue, in nine trading sessions, the utilities on the upside a lot of the big utility names you see down 7, 8%. some of this, some of it is due to
CNBC
Nov 30, 2012 4:00pm EST
those earnings come true. russia is selling at six times next year's earnings. china and russia would be another if this broad picture that you're talking about. you want top own some emerging markets. master limited partnerships. high-grade bonds. >> are you worried about taxes going higher on dividends and cap gains in 2013? does that cut into the reason to buy stocks? >> i think many people say it has no effect. you can go from 15% to 43%. at the margin, that can influence people. this is why you want to basically find these company that have a defensive characteristic and where you are getting enough yield so when you lose the dividend, you have some income. corporations are buying cash. banks are buying liquidity. central banks are buying government bonds. foundations and endowments and pension funds are buying alternatives. individuals are buying bonds. rich individuals are buying jewelry, art, and trophy real estate. nobody is buying stocks in a big way right now. >> and yet morgan stanley for 2013 has come out with a more optist ism optimistic call for the s&p. what's th
CNBC
Nov 12, 2012 6:00am EST
channel for men with 80% of the same content in almost 210 countries around the world. if you go to russia and you put on discovery, it's putin's favorite channel. the people in russia think it is a russian channel so one, our content works really well but it's not just discovery. animal planet also universal, almost 90% of our -- when we develop a show for animal planet we take it everywhere in the world. i.d. as i mentioned has been very successful for us. it's a top ten network in america. in the last nine months we've launched it in over 130 countries. >> "honey boo boo" is not on france. >> tlc is a little different. animal planet, science, discovery, and now i.d., that content works. so we really have a different economic model. if we invest in a show like "gold rush" or we invest in a show with david salmani on animal planet, who will be here in a few minutes or susan lucci we take those shows around the world. those nichz, science is universal. tlc is more difficult. we have to do local content with tlc because it feels like an american channel. >> david is our guest host. we've be
CNBC
Nov 2, 2012 2:00pm EDT
and those concerns are definitely pressuring prices. then in terms of the macro picture, russia at its highest production levels since the post-soviet era. that's pressuring brent prices. demand destruction definitely a case here in terms of the fuel price, in terms of gasoline futures. we are looking at distribution issues slowly being resolved. not if you're sitting in one of those gas lines. but the jones act, the waiver there, that's certainly helping. then of course we are hearing about power being brought up from the gulf to some these terminals. that's going to eventually help as well. we are looking at sharply lower prices. session lows in fact for gasoline and heating oil as well. >> sharon, thank you for being the bear irer of better news. >>> though the gas shortage is still a big problem for a lot of people in new york and new jersey. >> but a big government rule has just been rescinded that may finally get the pumps flowing again. we'll have the full details and the fake gas mileage claims by some big automakers coming up next. red tie. >> blue tie. [ male announcer ] at s
CNBC
Nov 6, 2012 7:00pm EST
few moments ago, it's also pretty international crowd. >> i've seen people from russia, from israel, all over. this is, if i may say, so the hottest ticket in town. this party is going to continue until 4:00 in the morning and i hope the votes are in earlier than that so i can get to bed. >> i hope so too, guys. he also reiterated the uk/u.s. special relationship as as special as ever. plenty more on that in the days to come. they're about to start serving the oreo mcflurry, i have to go. >> thanks so much. kelly in london. we want to report that mitt romney has taken georgia. nbc news projecting mitt romney the winner in georgia. coming up next, a number of polls about to close at the top of the hour. >> we're back with more of "your money, your vote" on this election night 2012. from local communities to local businesses. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. [ male announcer ] the way it moves. the way it cleans. everything a
CNBC
Nov 8, 2012 7:00pm EST
with russia. we believe they're going to come clean, straighten out, have some kind of burning bush moment. >> yes. that's the word. the obama administration believes the ambition is endorsed by the american people. they will go forward. >> what about israel in this scenario? what are they going to do as the supreme leaders meet in tehran? >> israel has confidence that iran is not fair minded and is a predator state. and, therefore, no matter how long this is dragged out, iran will get more and more concessions before it becomes impossible. for example, one of the concessions i'm told is israel wants the united states to agree that a third party killed iranian nuclear scientist. they're looking for us to endorse their law gambit against israel. they want us on their side against israel. >> boy, i think this is pretty farfetched -- >> it is. it is farfetched, larry. >> john bachelor, thank you very much, my friend. hope to see you soon on the radio. >>> so, folks, the stock market slump continues on wall street. since president obama was re-elected the dow's lost about 450 points. my
CNBC
Nov 28, 2012 9:00am EST
russia? sort of like that, exactly. exactly. what i think will happen is there will be a secondary market where people will go for goods and services. the merck, board of trade, i.c.e., there's a lot of technology behind it. it's not just the price on the board. there's clearing in settlement, delivery, all the things that go with back office processing that people forget about. that's ongoing fixed costs that's very expensive. i think the -- cme, one of the top technological companies in the united states. it seems like a massive undertaking, so legislations pass, but none of the detail is worked out. you know, when it comes to the fiscal cliff. many have said you can take an envelope, and we need to extend the age, maybe tax issues, these are easy. but what we're talking about to set up would be on the back of the sears tower. it's monstrous. the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs continue to go up, but they to said the pr
Search Results 0 to 28 of about 29